Ace Software Exports Limited
Regd. Office : 801, Everest, Opp. Shastri Maidan, Rajkot - 360 001
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 3Oth JUNE, 2008
(Rs.In Lacs)
Sr. Particulars Quarter  Quarter  Year Ended
No.   Ended Ended  
    30-06-2008 30-06-2007 31.03.2008
    (Unaudited) (Unaudited) (Audited)
         
1 Income From Operations 40.87 86.06 306.84
2 Other Income 14.06 6.68 445.64
3 TOTAL INCOME  54.93 92.74 752.48
4 Expenditure      
     a.    (Increase)/Decrease in Stock (27.04) (5.20) 6.62
     b.    Software Charges 43.27 49.26 228.12
     c.    Staff Cost 5.55 9.77 23.60
     d.    Depreciation 2.39 8.16 103.82
     e.    Other Expenditure 23.17 29.63 117.58
  TOTAL EXPENDITURE 47.34 91.62 479.74
5 Interest 0.00 0.00 0.00
6 Exceptional Items               -                 -                              -  
7 Profit From Ordinary Activities before Tax            7.59            1.12                     272.74
8 Tax Expenses 0.03 0.10                         5.92
9 Net Profit From Ordinary Activities after Tax            7.56            1.02                     266.82
10 Extra Ordinary Items               -                 -                              -  
11 Net Profit For the period            7.56            1.02                     266.82
12 Paid up Equity Share Capital 468.00 495.30 468.00
  (Face Value of  Share Rs. 10 each ) 10.00 10.00 10.00
13 Reserves Excluding Revaluation Reserves     855.85
14 Earning per Share ( EPS )    
  Diluted EPS for the Period     644.11
  ( a ) Basic & Diluted EPS before extraordinary items   0.16 0.02 5.70
  ( b ) Basic & Diluted EPS after extraordinary items   0.16 0.02 5.70
15 Public Shareholding      
  (a) No. of Shares 2003175 2270356 2003175
  (b) Percentage of shareholding 42.80% 45.84% 42.80%
Notes : 
(1) The above results were reviewed by the Audit Committee and thereafter the same were approved and 
      taken on record at the meeting of the Board of  Directors held on July 31, 2008
(2) The above figures have been regrouped, rearranged wherever necessary.
(3) The Company's operations fall under single segment namely " Computer Software and Services Exports".
(4)  There were no investor complaints pending on 01/04/2008 & 1 complaint was received during the 
      Quarter ended 30th June, 2008 which was duly attended to.
(5) The statutory Auditors of the company have carried out a Limited Review of the  Accounts for the Quarter  
     ended on 30th June, 2008
For and on behalf of the Board
Place : Rajkot
Date   : 31-07-2008 Vikram B.Sanghani
Jt. Managing Director